country flagالعربية
0

DOW JONES Technical analysis 12 March 2018

2018-03-12 12:57 am | Resource: Technical Analysis | No Views : 153

 
Time frame Used - four hours
The Dow Jones industrial average30 is moving in a bullish direction in the near term
DOW JONES CHART
The Purchasing power managed to control the movement of the Dow Jones to bounce the DOW JONES  to the resistance level 25346
And looking at  the technical indicators
Both the RSI and the Stochastic are indicating that indicators are beginning to reach the oversold area
Accordingly, we expect that  the Dow Jones to retreat level of 25068 and then rise again to target 25568
The alternative scenario is  that the Dow Jones  will  fall to levels of  24631
Resistance: 25346 -25568 - 25809
Support: 25068 - 24631 - 24409
Direction: Up

Technical Analysis
Stocks and indices Analysis


Other news

Asian markets begin weekly trading in the red zone

Markets in the Asia-Pacific region fell on Monday as trade tensions continued and tensions between China and the United States rose after Huawei's financial manager was arrested and charged with fraud. Meanwhile, US Trade Representative Robert Lautaizer said the arrest was "a matter of full criminal justice." He said the ongoing trade talks between the two countries were facing a "difficult deadline" of 90 days, after which new tariffs would…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.